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Ottawa 61350
729 Walnut Street
$16,500
● House - Off Market

729 Walnut Street

OTTAWA, IL 61350
bedrooms
1 Bed
bathrooms
1 Bath
square feet
450 Ft²
$30,508
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Great Price!! Terriffic Small Home--PRICED TO SELL, not on wheels. Range, refrigerator, and air conditioner are included.  Many up-dates--electrical has been up-dated with new 200 amp breaker box, much new plumbing, new 3-zone electrical heat (very efficient), new hot water heater, new Home Depot cabinets in kitchen, much new laminate flooring, new garage door, R-19 in bathroom and bedroom,  some new siding, ceramic tile in boxes and trim stay!
Unit Size
450 Ft²
Days on Market
-
Land Size
-
Price per sqft
$43
Property Type
House
Property Taxes
$57
HOA Dues
-
Year Built
1896

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #09842306)

Price History

Date / Event Date Event Price
Feb 24, 2018 Sold
Premium
Sold
Jan 25, 2018 Listed by Starved Rock Realty $19,500
Listed by Starved Rock Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1896
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,231
  • Total Building Area: 552
  • Gross Building Area: 552
  • Building Area: 552
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STATES ADD
  • Land Acres: 0000000051
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: STATE'S ADD, N30' E 74' LOT 1 BLK 94 SEC 11-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962700

Geography

  • District: OT
  • Parcel: 21-11-145-013
  • Block: 94
  • Lot: 1
  • Meridian: SEC 11 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3477
  • Longitude: -88.8476

    Address

  • Full Address: 729 Walnut St
  • Address - House Number: 729
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C001
  • 4-Digit Zip Code: 2805
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $162,808
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 66,572
  • High Value: 75,635
  • Low Value: 57,508

    Market Valuation

  • Market Total Value: $45,747
  • Market Land Value: $7,374
  • Market Improvement Value: $38,373

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,249
  • Assessed Land Value: $2,458
  • Assessed Improvements Value: $12,791

    Sales

  • Current Sale Contract Date: Feb 23, 2018
  • Current Sale Recording Date: Mar 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201802704
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ottawa

Stats & Trends

Median Asking:

$229,700

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1780 ft²

Average Home Age

48 years

Currently For Sale

71 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: James Rice, Starved Rock Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 09842306
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 729 Walnut Street built and last sold?
The property at 729 Walnut Street was built in 1896 and last sold on Feb 23, 2018 for $18,500.
How much is this home worth?
The estimated value of the home located at 729 Walnut Street is $0.
What are some comparable homes to 729 Walnut Street?
There are currently no comparable homes to 729 Walnut Street.
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